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B. Source of Funds <br /> STPE-2787(001) (Federal Grant) $ 65,000.00 <br /> CMAQ-2787(001) (Federal Grant) 457,228.00 <br /> ARRA-2787(001) (Federal Grant) 385,447.00 <br /> Fund 119—Street Improvements 71,359.00 <br /> Total Estimated Funds $ 979,034.00 <br /> C. This appropriation shall not lapse, but shall be carried forward from year to year <br /> until fully expended or the purpose has been accomplished or abandoned without <br /> the necessity of reappropriation. <br /> Section 5: <br /> Ordinance No. 2913-06 is being repealed. <br /> Section 6: <br /> The City Treasurer of the City of Everett is hereby authorized to negotiate a reasonable rate of <br /> interest and obtain temporary financing to satisfy interim construction costs. Temporary <br /> financing shall be redeemed as soon as reimbursement is received. <br /> Section 7: Severability. <br /> If any provision of this ordinance shall be declared unconstitutional or invalid by any court of <br /> competent jurisdiction, it shall be conclusively presumed that this ordinance would have been <br /> enacted without the provision so held unconstitutional or invalid and the remainder of this <br /> ordinance shall not be affected as a result of said part being unconstitutional or invalid. <br /> RAY S 0'HANS , Mayor <br /> ATTEST. <br /> i I ki70,..ii24,-/ <br /> CITY CLERK <br /> Passed: 11-18-0 9 <br /> Valid: 11-20-09 <br /> Published: 11-2 4-0 9 <br /> Effective: 12-0 5-0 9 <br /> W032540rd <br />